Flux Power (NASDAQ:FLUX) Trading Up 5% – What’s Next?

Flux Power Holdings, Inc. (NASDAQ:FLUX) was up 5% during trading on Thursday . The company traded as high as $0.5485 and last traded at $0.5380. 159,243 shares traded hands during trading, an increase of 92% from the average daily volume of 82,773 shares. The stock had previously closed at $0.5124.

Analysts Set New Price Targets

FLUX has been the subject of several recent research reports. Zacks Research upgraded shares of Flux Power from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Roth Capital reiterated a “buy” rating on shares of Flux Power in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Flux Power in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Flux Power Trading Up 5.0%

The stock has a market capitalization of $11.49 million, a P/E ratio of -1.58 and a beta of 1.67. The company has a 50-day moving average price of $0.83 and a 200 day moving average price of $1.12.

Flux Power (NASDAQ:FLUX) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.11). Flux Power had a negative net margin of 12.48% and a negative return on equity of 502.31%. The company had revenue of $6.59 million for the quarter, compared to the consensus estimate of $9.89 million. As a group, research analysts expect that Flux Power Holdings, Inc. will post -0.34 earnings per share for the current year.

Institutional Investors Weigh In On Flux Power

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its stake in Flux Power by 39.4% in the fourth quarter. State Street Corp now owns 49,568 shares of the company’s stock valued at $63,000 after acquiring an additional 14,000 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Flux Power during the 4th quarter valued at $64,000. Virtu Financial LLC purchased a new stake in shares of Flux Power during the 3rd quarter valued at $72,000. Renaissance Technologies LLC acquired a new stake in shares of Flux Power in the 4th quarter worth $83,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Flux Power in the 4th quarter worth $152,000. Hedge funds and other institutional investors own 37.96% of the company’s stock.

Flux Power Company Profile

Flux Power (NASDAQ: FLUX) is a U.S.-based designer and manufacturer of advanced lithium-ion battery systems tailored for industrial and material-handling applications. The company develops modular battery packs, battery management systems and related charging solutions that deliver high performance, extended runtimes and rapid recharge cycles. Flux Power’s technology is engineered to withstand the demanding environments of warehouses, manufacturing facilities, airports and port terminals, offering a zero-emission alternative to traditional lead-acid batteries.

Among its core offerings, Flux Power provides plug-and-play lithium-ion battery packs, battery management electronics and telematics software that enable real-time monitoring of state of charge, health metrics and energy usage.